Following the exclusive report of yours truly earlier last week about iPhone 8 release date, I can confirm exactly what the Apple‘s next iteration iPhone looks like.

The ever reliable 9to5Mac, the technology news dedicated to reporting all thing Apple, has acquired a fresh report from J.P. Morgan which claims that the iPhone 8 will be both notably more expensive than any previous iPhone smartphone and it will also be available in more limited quantities at official iPhone 8 release date.

JP. Morgan analyst Rod Hall stresses out that it expects “a small amount of late September EMS output… then ramping up production through October with target output levels achieved in late October/early November.”
Hall is anticipating that the Cupertino-based technology giant will be shipping 7.3M fewer iPhones than its previous estimate of 49.5M for Q4. Given this number includes all three new iPhones and the iPhone 8 is expected to account for approximately 50 percent of that its a unit reduction of almost 30 percent. Hall said that this hit almost all comes in September as its drops iPhone 8 stock from 9 million units to circa 2M.

So while the supply of new iPhone devices is always tight after the announcement, getting hold of an iPhone 8 this year is likely to bring a whole new level of distress.
As for the pricing, Hall said that the most valuable tech firm will start iPhone 8 price tag from $1,100 as “production costs are slightly higher than we had originally anticipated”. With that being said, it would be $450 more than an entry level iPhone 7 ($649) and $330 more than an starting version iPhone 7 Plus ($769).

Meanwhile, a number of reports claim that iPhone 8 pricing could be as expensive as $1,400. Though if there are three on-board internal storage options as normal, that might not be far out.

With speculations and rumors growing that the company has been unable to embed Touch ID fingerprint scanner system into the iPhone 8’s screen display, some could argue that Apple is biting off more than it can munch.